| TRENDS IN THE HOTEL INDUSTRY |
| United States Cities |
| Results For Year-End 1998* |
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Occupancy
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A.D.R. |
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|
1998 |
1997 |
Variance |
|
1998 |
1997 |
Variance |
| NEW ENGLAND AND MIDDLE ATLANTIC
CITIES |
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Boston, MA |
|
80.0% |
80.0% |
0.0% |
|
$
179.00 |
$
164.11 |
9.1% |
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New York, NY |
|
82.0% |
82.0% |
0.0% |
|
$
214.00 |
$
194.00 |
10.3% |
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Philadelphia, PA |
|
72.5% |
74.0% |
-2.0% |
|
$
137.50 |
$
125.50 |
9.6% |
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|
Subtotal |
80.2% |
80.4% |
-0.3% |
|
$
195.84 |
$
177.93 |
10.1% |
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| NORTH CENTRAL CITIES |
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Chicago, IL |
|
75.7% |
76.3% |
-0.8% |
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$
122.42 |
$
111.19 |
10.1% |
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Minneapolis, MN |
|
70.9% |
70.1% |
1.2% |
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$
93.56 |
$
87.69 |
6.7% |
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St. Louis, MO |
|
66.2% |
64.6% |
2.4% |
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$
73.69 |
$
72.67 |
1.4% |
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Subtotal |
73.1% |
73.1% |
0.1% |
|
$
109.14 |
$
100.71 |
8.4% |
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| SOUTH ATLANTIC CITIES |
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Atlanta, GA |
|
67.5% |
66.8% |
1.0% |
|
$
96.14 |
$
92.00 |
4.5% |
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Charlotte, NC |
|
67.0% |
68.6% |
-2.3% |
|
$
72.24 |
$
67.32 |
7.3% |
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Miami, FL |
|
73.7% |
77.8% |
-5.2% |
|
$
118.29 |
$
112.01 |
5.6% |
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Orlando, FL |
|
77.0% |
80.3% |
-4.1% |
|
$
81.15 |
$
76.77 |
5.7% |
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Raleigh, NC |
|
77.0% |
80.8% |
-4.6% |
|
$
86.51 |
$
85.40 |
1.3% |
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Washington, DC |
|
73.3% |
72.9% |
0.5% |
|
$
133.54 |
$
126.15 |
5.9% |
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Subtotal |
73.3% |
75.5% |
-2.9% |
|
$
95.40 |
$
90.49 |
5.4% |
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| SOUTH CENTRAL CITIES |
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Austin, TX |
|
72.5% |
74.3% |
-2.4% |
|
$
83.25 |
$
79.44 |
4.8% |
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Baton Rouge, LA |
|
68.0% |
71.5% |
-4.9% |
|
$
60.25 |
$
59.28 |
1.6% |
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Corpus Christi, TX |
|
62.5% |
63.4% |
-1.4% |
|
$
63.00 |
$
62.31 |
1.1% |
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Dallas/Ft. Worth, TX |
|
67.5% |
69.0% |
-2.2% |
|
$
92.75 |
$
88.71 |
4.6% |
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El Paso, TX |
|
64.0% |
63.9% |
0.2% |
|
$
51.75 |
$
51.60 |
0.3% |
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Houston, TX |
|
67.5% |
68.4% |
-1.3% |
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$
85.00 |
$
77.97 |
9.0% |
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Knoxville, TN |
|
61.4% |
62.7% |
-2.1% |
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$
63.47 |
$
61.80 |
2.7% |
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Little Rock, AR |
|
63.6% |
63.9% |
-0.4% |
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$
52.39 |
$
50.38 |
4.0% |
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Memphis, TN |
|
68.9% |
70.7% |
-2.5% |
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$
88.00 |
$
85.36 |
3.1% |
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Nashville, TN |
|
70.3% |
74.7% |
-5.9% |
|
$
97.19 |
$
92.65 |
4.9% |
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New Orleans, LA |
|
76.5% |
72.7% |
5.2% |
|
$
114.00 |
$
109.42 |
4.2% |
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San Antonio, TX |
|
67.0% |
65.6% |
2.1% |
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$
85.50 |
$
81.25 |
5.2% |
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Subtotal |
68.7% |
69.3% |
-0.8% |
|
$
88.33 |
$
83.73 |
5.5% |
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| MOUNTAIN AND PACIFIC CITIES |
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Albuquerque, NM |
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64.2% |
67.1% |
-4.3% |
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$
72.57 |
$
72.83 |
-0.4% |
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Boise, ID |
|
65.0% |
67.0% |
-3.0% |
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$
70.00 |
$
69.00 |
1.4% |
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Colorado Springs, CO |
|
66.7% |
70.6% |
-5.5% |
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$
78.86 |
$
77.32 |
2.0% |
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Denver, CO |
|
70.2% |
72.7% |
-3.4% |
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$
85.41 |
$
80.84 |
5.7% |
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Honolulu, HI |
|
74.0% |
78.6% |
-5.9% |
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$
123.00 |
$
123.00 |
0.0% |
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Los Angeles, CA |
|
74.0% |
73.6% |
0.5% |
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$
105.20 |
$
96.56 |
8.9% |
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Orange County, CA |
|
71.0% |
73.5% |
-3.3% |
|
$
100.00 |
$
94.62 |
5.7% |
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Phoenix, AZ |
|
69.0% |
72.3% |
-4.6% |
|
$
106.87 |
$
103.46 |
3.3% |
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Portland, OR |
|
68.0% |
73.0% |
-6.8% |
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$
112.00 |
$
107.00 |
4.7% |
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Sacramento, CA |
|
71.5% |
71.8% |
-0.4% |
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$
78.80 |
$
72.09 |
9.3% |
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Salt Lake City, UT |
|
70.9% |
75.9% |
-6.6% |
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$
86.93 |
$
82.98 |
4.8% |
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San Diego County, CA |
|
77.0% |
75.9% |
1.4% |
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$
120.00 |
$
105.70 |
13.5% |
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San Francisco, CA |
|
80.4% |
80.6% |
-0.2% |
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$
147.98 |
$
135.67 |
9.1% |
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Santa Fe, NM |
|
71.1% |
71.0% |
0.1% |
|
$
128.79 |
$
123.22 |
4.5% |
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Scottsdale, AZ |
|
69.1% |
70.7% |
-2.3% |
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$
130.67 |
$
130.72 |
0.0% |
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Seattle, WA |
|
77.0% |
76.0% |
1.3% |
|
$
126.00 |
$
118.00 |
6.8% |
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Tucson, AZ |
|
66.8% |
68.9% |
-3.0% |
|
$
95.14 |
$
91.88 |
3.5% |
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Subtotal |
72.6% |
74.4% |
-2.4% |
|
$
109.08 |
$
103.19 |
5.7% |
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| TOTAL CITIES** |
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72.6% |
73.8% |
-1.6% |
|
$
112.24 |
$
105.04 |
6.9% |
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| * Estimates based on data
collected through December 4, 1998 |
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| ** Average property size:
220 rooms. |
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| Source: PKF Consulting |
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Trends